Australia’s Dec-loading North West Shelf prices hinge on Chinese demand: traders

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The price outlook for December-loading North West Shelf condensate hinges on demand from China following the country’s return from its week-long National Day holidays, market sources told S&P Global Commodity Insights Oct. 12. Australia’s flagship North West Shelf condensate cargoes, with a typically API gravity of 63 and 0.003% sulfur content, were seen moving to China in recent months, indicating…